CHINA Economy in Desperate Trouble

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In this video I discuss the Stimulus Package announced by the Chinese Central Bank which is aimed at fixing the problems in the Chinese Economy. This package is the largest since the end of the Covid Pandemic however the latest Economic Data indicates that it is unlikely to solve the fundamental problems that China is suffering from.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:57 STIMULUS MEASURES
7:48 NEW HOME PRICES
10:53 NEW HOME SALES
13:50 RETAIL SALES
15:40 INDUSTRIAL OUTPUT
17:34 EXPORTS
19:45 IMPORTS
21:33 PRODUCER PRICES
25:37 SUMMARY & CONCLUSION

#china
#chinaeconomy
#economiccrisis
#chinacrisis
#shanghai
#vanke
#evergrande
#countrygarden
#shimao
#zhongzhi
#globalrecession
#inflation
#technology
#wheat
#interestrates
#india
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

[WishiwasinIdaho]

Threatening and pissing off your neighbors and best customers is probably not going to do your economy any good.

[KarenLavia]

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

[neilbadger]

I am genuinely curious as to how the troubles China is experiencing in its economy will impact Russia. Seeing that Russia is now very heavily dependant upon China for what little trade it gets.

[paulollerhead]

Ah the “fake it til you make it” policy of China. Nice

[Alirion]

@Joe Blogs
Thank you for now including the last month of the year bevore vompares to the one a year bevore too. So the data pool now shows the changes happened over the last 24 months for a longer trend of the significant developement. Well done.

[alancadorette]

problem with getting loan, if there is no market why go in debt

[half-breed]

Yet they do nothing for the ppl who are paying a mortgage for a house that will likely never be built 🤔

[Pitollie]

I really appreciate all the work you do to create these videos. Thank you so much. I don't comment much since I'm dog walking.

[julesfisher]

Due to the quality of older property, the lack of property maintenance together with the boom market on new properties, there is no credible second market for property. Thus people who buy new homes, are locked in and unable to liquidate their asset only use it as security for bank debt. With an oversupply of property 3 x the number of citizens then until the oversupply is addressed and a balancing of the supply / demand profile there is only one direction the property market will go. Added to this the overpriced nature of property due to a bubble these initiatives are just window dressing.

[Ashadow]

"I KNOW WHAT I AM DOING SHUTUP!!"
- _Xi Jinping, probably_

[cataclysmunknown]

That stimulus sounds like trying to put a band-aid on a mortal wound. The real-estate bubble already burst there.

Consumer confidence in that market is 6 feet under.

[bonditltd]

I find the Chinese people really nice and it’s these people I feel sorry for during this time. It’s disappointing to read some comments about the CCP. The people of China need to work within what they have.

Is JoeBlogs the economics GOAT? No one compares!

[cpk]

Maybe they should concentrate on quality instead of quantity.

[aint_just_whistlin_dixie]

It's hard to see how these measures will turn things around when youth unemployment is so high (since young ppl buy lots of stuff, while geezers don't), the net worth of the middle class has been devastated by the property bubble collapse, and the CCP won't allow capital to go abroad for better returns b.c. it would depreciate the yuan and scuttle their political/propaganda aim of surpassing US GDP.

[umka]

In the non-free society and political system there is no way to force business into prosperity.

[Kong_WR]

Missed opportunity; Big trouble in Little China.

[stephenwilliams]

The problem with new houses in China (apartments) is that they only have a 10 year guarantee. After which, they begin to crack, split and fall apart. Then washed away.

[intractablemaskvpmGy]

Avarice has always been a major factor in China, even Mao couldn't destroy it. Borrowing money to make investments is the most foolish rookie mistake an investor can make. Getting others to pay for your investments is the expert move. I SMH every time I think of how these greedy people are paying back loans for non-existent property and feel a bit of schadenfreude. Arrogant hubris has been the Chinese hallmark- this is why they are doomed to fail as they always have, over and over again across the centuries. Disaster, conflict, famine and collapse.

[RealityCheck]

People spend more when they have job security and higher wages. They WON'T spend MORE if you lend them more.